System, method, and apparatus for settlement for participation in an electric power grid

Patent metadata

Field	Value
Publication number	US-8996419-B2
Application number	US-201414292418-A
Country	US
Kind code	B2
Filing date	May 30, 2014
Priority date	Oct 24, 2012
Publication date	Mar 31, 2015
Grant date	Mar 31, 2015

Abstract

Systems, methods, and apparatus embodiments for electric power grid and network registration and management of physical and financial settlement for participation of active grid elements in supply and/or curtailment of power, wherein Internet Protocol (IP)-based messages including IP packets are generated by transforming raw data content into settlement grade content. Settlement is provided for grid elements that participate in the electric power grid following initial registration of each grid element with the system, preferably through network-based communication between the grid elements and a coordinator, either in coordination with or outside of an IP-based communications network router. Messaging related to settlement is managed through a network by a Coordinator using IP messaging for communication with the grid elements, with the energy management system (EMS), and with the utilities, market participants, and/or grid operators.

First claim

The invention claimed is:

1. A system for market-based settlement of transactions within an electric power grid network comprising:
a settlement processor;
at least one coordinator; and
at least one active grid element;
the settlement processor for market-based financial settlements comprises a server and/or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and IP-based communication via a network with the at l…

Assignees

• Causam Energy Inc

Inventors

• Forbes Jr Joseph W

Classifications

• H02J2103/30

  Electricity · mapped topic

• H02J13/1337

  Electricity · mapped topic

• H02J13/333

  Electricity · mapped topic

• Y04S10/126

  Cross-Sectional Technologies · mapped topic

• G06Q40/04

  Physics · mapped topic